Koperasi Islah Malaysia Berhad (KIMB) Personal Loan is a flat rate personal financing.
Financing Margin
Based on the personal loan eligibility limit and subject to a minimum amount of RM 1,000 and a maximum amount of RM 100,000
Personal Loan Payment Period
- Amount RM 1,000 – RM 5,000: Maximum 24 months (2 years)
- Amount RM 5,001 – RM 100,000: Maximum 60 months (5 years)
Profit Rate
A flat rate personal loan of 8% per annum for all who qualify.
*This rate is subject to change depending on the terms and conditions, will be notified via offer letter if the application is approved.
Eligibility for Personal Loan Application
- Has been a member of KIMB for at least six (6) months.
- Applicants must be 18 years of age or older.
- Has a confirmed position and has a fixed income.
- Have a guarantor.
- Required documents
- Completed application form.
- Information disclosure consent form.
- A copy of identity card.
- 3 months latest salary slip.
- Latest job confirmation letter.
- And at least one of the following documents:
- Latest EPF statement; or
- Latest income statement (Form BE/eBE/EA/EC); or Latest bank statement for 3 months (salary crediting)
- Any supporting documents if necessary.
Payment method
There are 2 payment methods for personal loan payment of Koperasi Islah Malaysia Berhad as follows:-
- Salary cut.
- Standing instructions from other banks.
Benefits Of Applying For A Personal Loan With Us
- No hidden charges
- Selling price – fixed and known.
- Competitive financing rates.
*Subject to the terms and conditions.